Press release
Smart Farming Market is Growing Due to the Increasing Automation & Digitization in the Agriculture Industry
The growth in the trends of mechanization in the agriculture industry, focus on livestock monitoring to improve the efficiency of farms, and governments’ support for modern agricultural techniques stimulate the global smart farming market.The North American and European regions are projected to dominate the global smart farming market during the forecast period. These regions are the largest markets for innovative technologies used for agriculture. Considering the huge opportunities in these regions, new market players are entering this market. The increasing automation and digitization in the agriculture industry are creating new business models for this market.
On the other hand, in Asia Pacific, the adoption rate of smart farming techniques is expected to grow because of the presence of emerging countries such as India, China, and countries in South East Asia, where agriculture is a vital sector.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=189476618&utm_source=Openpr&utm_medium=Referral&utm_campaign=PaidPR
The automatic (smart) harvesting system segment is projected to account for the largest market share during the forecast period.
Based on equipment & technology, this study segments the market into drones (agricultural), autonomous tractors, automatic feeding systems, automatic planting equipment, automatic (smart) harvesting systems, smart irrigation systems, livestock monitoring systems, and others. The automatic (smart) harvesting system dominated the market for smart farming in terms of value. This is attributed to the growing farm labor issues, increasing the need for maximum operational efficiency and profitability, and increase in government support for new technology developments to support sustainable agriculture.
https://www.marketsandmarkets.com/Market-Reports/smart-farming-market-189476618.html
In terms of crop type, the cereals & grains segment is projected to dominate the smart farming market.
Based on crop type, this study segments the market into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. The cereals & grains segment accounted for the largest share in the smart farming market. This can be attributed to the large production of cereals & grains to feed the global population. According to the FAO, global cereal production was ~2,923 million tons in 2018. This number is expected to increase in the coming years, which justifies the use of smart farming practices. Additionally, this technology is expected to extend to various types of farming practices, which includes the use of automatic planting equipment, autonomous tractors, agricultural drones, and combine harvesters, among others.
Pre-Book: https://www.marketsandmarkets.com/preorderreports.asp?id=189476618&utm_source=Openpr&utm_medium=Referral&utm_campaign=PaidPR
In terms of livestock type, the ruminants segment is projected to dominate the smart farming market.
Based on livestock type, this study segments the market into ruminants, aquaculture, poultry, swine, and others. Manual management of cattle and other ruminants is costly and time-consuming; the use of hardware and software solutions enables automatic identification and data capture, which results in accurate and quick tracking and monitoring of cattle and other ruminants. Owing to these advantages, the market for ruminants is expected to grow significantly during the forecast period.
Asia Pacific is projected to grow at the highest CAGR during the forecast period.
Asia Pacific is one of the prospective markets for smart farming. The region has large farmlands and is witnessing high population growth rate. The smart farming market in Asia Pacific is at its early stage of adoption and is expected to grow at a double-digit rate between 2019 and 2025. Countries such as India, Australia, China, and Japan are currently witnessing high growth rate and account for significant shares of the smart agriculture market in Asia Pacific.
Key Players:
Some of the major players in the smart farming market are Deere & Company (US), Trimble (US), Raven Industries (US), AgJunction (US), AGCO Corporation (US), DeLaval Corporation (Sweden), GEA Group (Germany), the Climate Corporation (US), and AG Leader Technology (US).
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Farming Market is Growing Due to the Increasing Automation & Digitization in the Agriculture Industry here
News-ID: 1808854 • Views: …
More Releases from Markets and Markets

Controlled-release Fertilizers Market Latest Trends, Demands, Overview and Analy …
The controlled-release fertilizers market is experiencing notable growth, estimated at USD 2.2 billion in 2023 and projected to reach USD 2.9 billion by 2028. This reflects a compound annual growth rate (CAGR) of 5.9% during the forecast period. The demand for controlled-release fertilizers is increasing due to their benefits in enhancing nutrient efficiency, reducing environmental impact, and supporting sustainable agricultural practices.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=136099624
These fertilizers are prized for their ability…

Gelatin Market is Projected to Reach $5.6 billion by 2029, at a CAGR of 6.9% fro …
According to a research report titled "Gelatin Market by Source (Animal, Plants), By Applications (Food & Beverages, Pharmaceuticals, Health & Nutrition, Cosmetics, Personal Care, Animal Feed), Type (Type A, Type B), Function (Thickener, Stabilizer, Gelling Agent) - Global Forecast to 2029," published by MarketsandMarkets, the gelatin market is poised for significant growth. The market, valued at USD 4.0 billion in 2024, is projected to reach USD 5.6 billion by 2029,…

Facility Management Market Status, Revenue, Growth Rate, Services and Solutions
According to a research report "Facility Management Market by Offering (Solutions (IWMS, BIM, Facility Operations & Security Management) and Services), Vertical (BFSI, Retail, Construction & Real Estate, Healthcare & Life sciences) and Region - Global Forecast to 2028" published by MarketsandMarkets, the facility management market is estimated at USD 49.6 billion in 2023 to USD 94.8 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 13.8%.
Download PDF Brochure:…

Endpoint Security Market Size, Revenue, Growth Rate Analysis and Forecast 2024
According to a research report "Endpoint Security Market by Solution (Endpoint Protection Platform and Endpoint Detection and Response), Service, Deployment Mode, Organization Size, Vertical (Healthcare, Retail and eCommerce, and Government), and Region - Global Forecast to 2024", published by MarketsandMarkets, the global endpoint security market size is expected to grow from USD 12.8 billion in 2019 to USD 18.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of…
More Releases for MarketsandMarkets™
Biomaterials Market Worth $64.2 billion | MarketsandMarkets™
Biomaterials Market in terms of revenue was estimated to be worth $45.2 billion in 2024 and is poised to reach $64.2 billion by 2029, growing at a CAGR of 7.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. The biomaterials market is estimated to grow at a CAGR of 7.3% during the forecast period of 2024 to 2029. The important factors impacting market growth are the growing…
Cell Expansion Market Worth $26.7 billion | MarketsandMarkets™
Cell Expansion Market in terms of revenue was estimated to be worth $14.3 billion in 2024 and is poised to reach $26.7 billion by 2029, growing at a CAGR of 13.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. Some factors contributing to the growth of the global market includes increasing R&D investments in cell based research, growing focus on personalized medicine, and increasing number of strategic…
Apheresis Market Worth $3.9 billion | MarketsandMarkets™
Apheresis Market in terms of revenue was estimated to be worth $2.6 billion in 2024 and is poised to reach $3.9 billion by 2029, growing at a CAGR of 8.8% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The growth in the apheresis market is driven by rise in demand for source plasma from biopharmaceutical companies, upsurging demand for blood components and favourable reimbursement for apheresis. The increasing…
Medical Robots Market Worth $33.8 billion | MarketsandMarkets™
Medical Robots Market in terms of revenue was estimated to be worth $16.0 billion in 2024 and is poised to reach $33.8 billion by 2029, growing at a CAGR of 16.1% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth in the medical robots market is driven by the aging population and rising chronic diseases, improving reimbursement scenario, and subsequent advancements in healthcare funding & infrastructure.…
Pipette Calibrators Market Worth $391 million | MarketsandMarkets™
Pipette Calibrators Market in terms of revenue was estimated to be worth $286 million in 2024 and is poised to reach $391 million by 2029, growing at a CAGR of 6.5% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The growth of this market is majorly driven by rise in genomics and proteomics research, growth in portable and handheld devices, and establishment of new research facilities by pharmaceutical…
Mice Model Market Worth $2.2 billion | MarketsandMarkets™
Mice Model Market in terms of revenue was estimated to be worth $1.5 billion in 2024 and is poised to reach $2.2 billion by 2029, growing at a CAGR of 8.1% from 2024 to 2029 according to a new report by MarketsandMarkets™. The rise in chronic diseases, such as cancer, diabetes, and cardiovascular disorders, and growing need for reliable and predictive animal models to facilitate drug discovery and development are…